Solana Price Prediction 2023-2030: Will SOL Price Hit $35 Soon?

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Solana-(SOL)-Price-Prediction 2022
  • Bullish Solana (SOL) price prediction ranges from $8 to $40
  • Analysis suggests that the SOL price might reach above $34.09
  • The SOL bearish market price prediction for 2023 is $9.51

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Solana (SOL) is one of them.

Solana is an open-source, public blockchain that facilitates using smart contracts, decentralized applications (dApps), and NFTs (non-fungible tokens). The SOL token, which is intrinsic to the Solana blockchain, serves as a means of exchange and ensures the safety of the network via staking.

If you are interested in the future of SOL and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

Solana (SOL) Overview

🪙 Name Solana
💱 Symbol sol
🏅 Rank #8
💲 Price $23.79
📊 Price Change (1h) -0.44776 %
📊 Price Change (24h) 11.70499 %
📊 Price Change (7d) 23.06266 %
💵 Market Cap $9805270326
📈 All Time High $259.96
📉 All Time Low $0.500801
💸 Circulating Supply 412985783.858 sol
💰 Total Supply 558808692.117 sol

What Is Solana (SOL)?

Solana is a powerful open-source project that offers DeFi (decentralized financial) infrastructure solutions by leveraging the permissionless nature of blockchain technology. The Solana Foundation, based in Geneva, Switzerland, began conceptualizing and working on Solana in 2017, and the platform was officially launched in March 2020.

The Solana protocol makes it easier to develop decentralized applications (DApps). To increase scalability, a proof-of-history (PoH) consensus is introduced and layered on top of the blockchain’s underlying proof-of-stake (PoS) consensus. The Solana Foundation has devoted a lot of resources to spreading the use of decentralized financial systems.

Solana is well-known in the cryptocurrency space due to the blockchain’s incredibly rapid transaction processing. The hybrid protocol utilized by Solana significantly reduces validation and execution times for both transactions and smart contracts. Solana has attracted a great deal of institutional interest due to its blazing-fast processing times. 

The Solana protocol is designed to serve both casual users and large businesses. According to one of Solana’s primary promises, customers will not be surprised by increased fees and taxes, and the protocol creates low transaction costs while ensuring scalability and rapid processing.

Solana utilizes proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. Proof-of-history is essential to the Solana protocol, as it handles most transaction processing. PoH logs successful operations and the interval of time between them, ensuring the blockchain’s lack of trustworthiness. 

The proof-of-stake (PoS) consensus is a monitoring tool for the proof-of-work (PoH) processes, validating each block sequence it generates. Combining two consensus mechanisms distinguishes Solana as a singular phenomenon within the blockchain industry.

Analysts’ View on Solana (SOL)

One crypto analyst also a degen with over 132k followers tweeted on Twitter that Solana price has a potential of breaking higher high.

However, there is a tweet from another analyst mentioning that Solana is dead. He said Solana will never reach rank of 5 again. 

Ethereum founder, Vitalik tweeted that Solana chain has a brighter future. 

Solana (SOL) Current Market Status

Solana (SOL) has a circulating supply of 396,085,947 SOL coins, while its maximum supply is not available, according to CoinMarketCap. At the time of writing, SOL is trading at $19.58  representing 24 hours increase of 1.71%. The trading volume of SOL in the past 24 hours is $241,157,548 which represents an 8.46% decrease.

Some top cryptocurrency exchanges for trading  Solana are Binance, OKX, CoinW, Bitrue, and Deepcoin.

Now that you know SOL and its current market status, we shall discuss the price analysis of  SOL for 2023.

Solana (SOL) Price Analysis 2023

By market capitalization, SOL ranks 10th on CoinMarketCap’s list of the biggest cryptocurrencies. Will Solana’s most recent improvements, additions, and modifications help the SOL price rise? First, let’s focus on the charts in this article’s SOL price forecast.

Solana (SOL) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

SOL/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview)

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. 

The green rectangle show how SOL retraced after touching the upper band (overbought). Currently, SOL is moving sideways with very few vertical movements, which are quite negligible. 

When considering the Bollinger bandwidth (BBW) indicator, we could see that there has been not much change to the width of bands since the beginning of 2023, apart from the high volatility at the start of 2023.  Since February 2023, the bands have been fluctuating between 0.09 and 0.15 range. But come May, the bands have been holding their shape and the gaps between them have been constant.  

It has been constant to an extent where the bandwidth indicator shows an almost horizontal straight line for the month of May. Currently, SOL is fluctuating in the lower half of the Bollinger band and it has touched the lower Bollinger band, as such we could expect SOL to retrace and move towards the SMA. 

With more momentum from the buyer, Solana could move into the upper half of the Bollinger. Since SOL has touched the lower Bollinger, it seems to be an excellent entry point for buyers. Although the range for fluctuation is constricted now, there could be a period of high volatility in the future. As such, the buyers need to wait for the bands to widen and the price to shoot up. 

In the event, that SOL has high volatility in the future, buyers may need to adjust their take profit margin giving more room for SOL to rise. 

Solana (SOL) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish. 

When considering the first green rectangle from the left of the chart below we can see that the  RSI is above the signal. Hence, ADA is bullish and as a result, it is making higher highs. 

The second green rectangle shows that the RSI line (purple) is below the Signal line (yellow). As such, Cardano is bearish or losing value. Therefore it is reaching lower lows as shown in the chart.

Moreover, the RSI could also be used to find out the divergence. For instance, when the token is making higher highs then the RSI should also be making higher highs in unison with it for it to be called a bull run. However, if the RSI does not make higher highs with the token, then we could say that there could be a trend reversal, as the token is losing value despite making higher highs. 

SOL /USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview)

Currently, the RSI is placed at 37.91 and it heading further down to the oversold region. We could expect it to reach the oversold region. As such buyers may need to wait for the market to saturate so that they could buy SOL at its lowest. 

However, they could make use of the RSI Resistance and Support indicator used in the chart to enter and exit the market. Moreover, the indicators show the Crossover Overbought, Crossover Oversold, Crosssunder Overbought, and Oversold regions. 

In particular, the indicator shows the overbought and oversold region for each crossing of the RSI, be it from over or under. Based on this traders can make their call. As SOL is currently in the bear zone, we could expect it to reach the Crossunder Oversold line (Purple). This may be an excellent entry point for buyers. 

They may exit the market once SOL reaches the CrossOver Overbought line (green line). Once SOL reaches this line, those shorting SOL could make an entry.  

Meanwhile the Stochastic RSI after being in the oversold region is now rising. This is a good sign that SOL could be at the beginning of an uptrend. 

Solana (SOL) Price Analysis – Moving Average

However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

SOL/USDT 1-Day Chart Showing Moving Average (Source: Tradingview)

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish (Red rectangle). Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Blue triangle section).

Interestingly, when considering the phase after SOL’s surge in 2023, we could see that the 50-day MA and the 200-day MA came in close quarters.  Eventually, these two lines crossed and formed the Golden Cross. Unlike the conventional Golden cross that produces a large surge, SOL went experienced a crash. 

However, SOL found support at the 50-day MA and started rebounding on it for a brief period of time. Nonetheless, the bears were too strong, hence, SOL fell below the 50-day MA and resorted support at the 200-day MA.  We could expect SOL to test the 50-day MA which is acting as the immediate resistance. However, in the event that SOL crashed below the 200-day MA, it could seek support at $17.18.  

Solana (SOL) Price Analysis – Elder Force Index

Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume. 

Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more. 

SOL/USDT 1-Day Chart Showing Elder Force Index (Source: Tradingview)

Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making higher highs while the cryptocurrency is making lower highs, then we could say that this is a bullish divergence. However, in the event that the cryptocurrency is making higher highs while the EFI is making lower highs, then it is a bearish divergence. 

Currently, the EFI of SOL is at -233.7K and the line is titling towards the downward direction away from zero, suggesting that the EFI could further drop. Moreover, the selling volume has increased by quite a margin right after the buying volume. We could expect the buyers to chip in at any given time and make the market move. But as per the EFI, the trend reversal happened at -1.03M, hence SOL may further tank. 

Solana (SOL) Price Prediction 2023

SOL/USDT 1-Day (Source: Tradingview)

When considering the chart above, we could see that SOL has been moving laterally as its vertical range motion was constricted, after the surge at the beginning of 2023. We could see that SOL tested Resistance 1 at $26.30 multiple times but wasn’t able to break it. As such we could expect SOL to land on Support 1, ricochet off of it, and reach Resistance 1. 

However, based on the past observation of SOL, we could note that it rose to Resistance 3 at $38.13 from the very place that it is at right now. If SOL reciprocates that surge once again, we would see it reach Resistance 3. However, it may be stopped at the Resistance 2 level ($34.09).  

Contrastingly, in the event that SOL reaches Support 1 and the bears take over the market, we could expect SOL to reach Support 2 at $9.51. 

MonthMinimum PriceAverage PriceMaximum Price
May 202328.9929.2229.47
June 202329.5129.7429.99
July 202330.1830.4130.66
August 202330.9931.2231.47
September 202331.5131.7431.99
October 202332.1832.4132.66
November 202332.9933.2233.47
December 202333.5133.7433.99

Solana (SOL) Price Prediction – Resistance and Support Levels

SOL/USDT 1-Day Chart Showing Resistance and Support Levels (Source: Tradingview)

When considering the fluctuation pattern of Solana, we could see that it was supported by the 4:1 Gann line from March 2021 to May 2021. During this phase, broke the 3:1 Gann line and tested the 2:1 Gann line but was unable to break it. As such, it fell back to the 4:1 Gann line, however, the 4:1 Gann wasn’t able to hold SOL as such it fell to the 8:1 Gann line.

But the latter end of August 2021 brought about a great surge in SOL. During this surge, SOL was able to test the 1:1 Gann line. Since SOL wasn’t able to stay up there it fell to the 8:1 Gann line seeking for Resistance but was denied.  And, thereafter it fell to 4:1 Gann line, 3:1 Gann line. 

Nonetheless, it received support only at the 4:1 Gann line drawn 45 degrees from the right to the vertical. Although SOL started ascending along this line it wasn’t for long. Since it fell back in May 2022, SOL has been moving sideways. Moreover, at present SOL is approaching the 3:1 Gann line, we could expect SOL to descend along this line. 

Solana (SOL) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect SOL to trade at a price not below $44 by the end of 2024.

MonthMinimum PriceAverage PriceMaximum Price
January 202434.1834.4234.67
February 202434.9935.2335.48
March 202435.7135.9536.20
April 202436.3836.6236.87
May 202437.1937.4337.68
June 202438.1138.3538.60
July 202438.7839.0239.27
August 202439.5939.8340.08
September 202441.1141.3541.60
October 202441.7842.0242.27
November 202442.5942.8343.08
December 202444.1144.3544.60

Solana (SOL) Price Prediction 2025

We should expect the price of SOL to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, SOL could end 2025 by trading at around $54.96.

MonthMinimum PriceAverage PriceMaximum Price
January 202544.7945.0345.28
February 202545.6045.8446.09
March 202546.3246.5646.81
April 202546.9947.2347.48
May 202547.8048.0448.29
June 202548.7248.9649.21
July 202549.3949.6349.88
August 202550.2050.4450.69
September 202551.7251.9652.21
October 202552.3952.6352.88
November 202553.2053.4453.69
December 202554.7254.9655.21

Solana (SOL) Price Prediction 2026

Since the maximum supply of SOL is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of SOL could break the usual trend and trade at $70.57 by the end of 2026.

MonthMinimum PriceAverage PriceMaximum Price
January 202655.4055.6455.89
February 202656.2156.4556.70
March 202657.9358.1758.42
April 202658.6058.8459.09
May 202660.4160.6560.90
June 202661.3361.5761.82
July 202663.0063.2463.49
August 202663.8164.0564.30
September 202665.3365.5765.82
October 202668.0068.2468.49
November 202668.8169.0569.30
December 202670.3370.5770.82

Solana (SOL) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of SOL could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, SOL could trade at $87.18 by the end of 2027.

MonthMinimum PriceAverage PriceMaximum Price
January 202772.0172.2572.50
February 202772.8273.0673.31
March 202774.5474.7875.03
April 202775.2175.4575.70
May 202777.0277.2677.51
June 202777.9478.1878.43
July 202779.6179.8580.10
August 202780.4280.6680.91
September 202781.9482.1882.43
October 202784.6184.8585.10
November 202785.4285.6685.91
December 202786.9487.1887.43

Solana (SOL) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Solana (SOL) could hit $104 by the end of 2028. 

MonthMinimum PriceAverage PriceMaximum Price
January 202888.6288.8689.11
February 202889.4389.6789.92
March 202891.1591.3991.64
April 202891.8292.0692.31
May 202893.6393.8794.12
June 202894.5594.7995.04
July 202896.2296.4696.71
August 202897.0397.2797.52
September 202898.5598.7999.04
October 2028101.22101.46101.71
November 2028102.03102.27102.52
December 2028103.55103.79104.04

Solana (SOL) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of SOL to $120 by the end of 2029.

MonthMinimum PriceAverage PriceMaximum Price
January 2029105.23105.47105.72
February 2029106.04106.28106.53
March 2029107.76108.00108.25
April 2029108.43108.67108.92
May 2029110.24110.48110.73
June 2029111.16111.40111.65
July 2029112.83113.07113.32
August 2029113.64113.88114.13
September 2029115.16115.40115.65
October 2029117.83118.07118.32
November 2029118.64118.88119.13
December 2029120.16120.40120.65

Solana (SOL)  Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Solana (SOL) to trade at around $136 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

MonthMinimum PriceAverage PriceMaximum Price
January 2030121.44121.68121.93
February 2030122.25122.49122.74
March 2030123.97124.21124.46
April 2030124.64124.88125.13
May 2030126.45126.69126.94
June 2030127.37127.61127.86
July 2030129.04129.28129.53
August 2030129.85130.09130.34
September 2030131.37131.61131.86
October 2030134.04134.28134.53
November 2030134.85135.09135.34
December 2030136.37136.61136.86

Solana (SOL) Price Prediction 2040

According to our long-term SOL price estimate, SOL prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $327 by 2040. If the market turns bullish, the price of SOL could go up beyond what we predicted for 2040.

Minimum PriceAverage PriceMaximum Price

Solana (SOL) Price Prediction 2050

According to our SOL forecast, the average price of SOL in 2050 might be above $1126.8. If more investors are drawn to SOL between these years, the price of SOL in 2050 could be far higher than our projection.

Minimum PriceAverage PriceMaximum Price


If investors continue to show interest in SOL and add these tokens to their portfolio, then, it could continue to rise up. SOL’s bullish price prediction shows that it could reach the $35 level. 


What is Solana (SOL)?

Solana is a powerful open-source project that offers DeFi (decentralized financial infrastructure) solutions by leveraging the permissionless nature of blockchain technology. The Solana Foundation, based in Geneva, Switzerland, began conceptualizing and working on Solana in 2017 and officially launched in March 2020. The Solana protocol makes it easier to develop decentralized applications (DApps). To increase scalability, a proof-of-history (PoH) consensus is introduced and layered on top of the blockchain’s underlying proof-of-stake (PoS) consensus. The Solana Foundation has devoted a lot of resources to spreading the use of decentralized financial systems.

How to buy SOL tokens?

SOL can be traded on many exchanges like other digital assets in the crypto world. Binance, OKX, BingX, MEXC, and Deepcoin are currently the most popular cryptocurrency exchanges for trading SOL. 

Will SOL surpass its current ATH?

Since SOL provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, SOL has a high possibility of surpassing its current ATH in 2030.

Can SOL reach $300 soon?

SOL is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, SOL might break through $90 and reach as high as $300. Of course, if the current market favoring crypto continues, it will likely happen.

Is SOL a good investment in 2023?

SOL is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that SOL is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of SOL?

The lowest SOL price is $0.5052, attained on January 14, 2020, according to CoinMarketCap.

Which year was SOL launched?

SOL was launched in 2020.

Who are the co-founders of SOL?

Anatoly Yakovenko co-founded SOL.

What is the maximum supply of SOL?

No data.

How do I store SOL?

SOL can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the SOL price in 2023?

Solana (SOL) is expected to reach $35  by 2023.

What will be the SOL price in 2024?

SOL price is expected to reach $44.35 by 2024.

What will be the SOL price in 2025?

SOL price is expected to reach $54 by 2025.

What will be the SOL price in 2026?

SOL price is expected to reach $70 by 2026.

What will be the SOL price in 2027?

SOL price is expected to reach $87 by 2027.

What will be the SOL price in 2028?

SOL price is expected to reach $103 by 2028.

What will be the SOL price in 2029?

SOL price is expected to reach $120 by 2029.

What will be the SOL price in 2030?

SOL price is expected to reach $137 by 2030.

What will be the SOL price in 2040?

SOL price is expected to reach $469 by 2040.

What will be the SOL price in 2050?

SOL price is expected to reach $1126.8 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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